There were bright signs in EV-related brands
$Tesla (TSLA.US)$ is in the middle of a 10-day winning streak, and stock prices soared 44% during the period. The stock price before the rebound had fallen 27% year to date, but now it has risen 6% year to date and is back in the positive zone.
The rise in Tesla's stock price means a major transformation for the company, which repeated painful layoffs at the beginning of this year.
Concerns about a decline in EV demand due to Americans' desire for hybrid vehicles were growing, but Tesla announced that the number of cars delivered in the second quarter was about 0.44 million4,000 units, which exceeded Wall Street's forecast by about 8,000 units.
The company also announced that it had introduced 9.4 GWh of energy storage products in the same quarter, which was a record high installed volume on a quarterly basis.
Investors' interest will focus on Tesla's second quarter financial results to be announced at the end of this month and RoboTaxi to be announced on 8/8.
The good news from Tesla has spread to other EV manufacturers over the past few days.
$VOLKSWAGEN A G (VWAGY.US)$ Since announcing large-scale investments on the scale of several billion dollars in this EV truck company at the end of last month, Rivian's stock price has skyrocketed by 31%.
$VOLKSWAGEN A G (VWAGY.US)$ with $Rivian Automotive (RIVN.US)$ The 5 billion dollar deal will inject the necessary funds for the company to achieve profitability by the end of this year and expand production of next-generation trucks.
Rivian also announced that the number of cars delivered in the second quarter was around 13,800 units, up 9% from the same period last year. The company also reaffirmed its guidance to set production volume of 57,000 units this year.
Finally, it has been suffering from a sharp decline since listing in 2021 $Lucid Group (LCID.US)$ The number of vehicles delivered for the second quarter was announced on Monday, and it seems that they have finally reached a turning point.
The number of cars delivered by luxury EV sedan manufacturers in the second quarter was 2,394 units, a 22% increase from the first quarter, and a 70% increase compared to the same period last year.
Lucid's stock price has soared 18% since the beginning of July, and has risen nearly 40% from the 52-week low hit in April.
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